Meyer Wilson

Recovering Losses Caused By Investment Misconduct

VSR Financial Services

Based in Overland Park, Kansas, VSR Financial Services is a full-service securities broker-dealer offering asset allocation, bonds, mutual funds, IRAs, and financial, retirement, and estate planning services. Founded in 1985, VSR Financial Services is the second-largest broker-dealer in Kansas, with about 200 representatives in 30 states.

Under regulations created and enforced by the Financial Industry Regulatory Authority (FINRA), investors have certain rights that protect them from poor investment broker practices. One FINRA regulation requires investment companies like VSR Financial Services to oversee their representatives, which holds the company responsible for the actions of their licensed brokers. If a broker acts in a way that is not in the interest of investors that causes them loss or damages, the investor has the legal right to demand repayment from the broker’s license-provider.

A History of Negligent Behavior

$550,000 Fine for Failure to Supervise

In 2013, FINRA fined VSR over half a million dollars for not providing a proper system for overseeing brokers and holding them accountable. As a result, its brokers gave inappropriate recommendations to investors, costing them millions of dollars because of investments that exceeded the level of risk they limited their investments to.

$150,000 Fine for Poor Records

The State of Missouri required VSR to pay a fine in 2011 for bad maintenance of their record of transactions, making accountability difficult for investors and legal authorities.

Brokers Exceed Risk Tolerance for Investments

Broker Michael Shaw sold investors stock that exceeded their “risk tolerance,” essentially putting their money in a more aggressive context than they instructed. These unsuitable trades occurred as a result of VSR’s lack of oversight and enforcement of FINRA regulations.

Contact Our Experienced Investment Loss Attorneys

IF you have lost money due to the inappropriate or unethical behavior of a broker from VSR Financial Services, you have a right to hold them responsible for your losses. Regulatory authorities like FINRA may bring these companies to justice, but it is up to individual investors to seek reparations from the investment company. That’s why Meyer Wilson exists – to recover what rightfully belongs to victims of fraud. Our lawyers conduct claims in state and federal courts nationwide, as well as in arbitration with FINRA and the American Arbitration Association, or AAA. Our efforts allowed us to reclaim over $350 million on behalf of our clients.

You may have a case against VSR Financial Services. Let Meyer Wilson help you take back what is rightfully yours. Contact us today for a free evaluation.

When Choosing an Attorney, Results Matter

  • $30M
    $30,000,000 Recovered in Confidential Settlement for 100-Year-Old-Widow
  • $10M
    Retirees Recover in Excess of $10,000,000 of Retirement Losses
  • $6.5M
    $6,500,000 Recovered for a Large Group of Individual Investors
  • $5M
    $5,000,000 Recovered for Group of Midwest Clients
  • $3.8M
    Meyer Wilson Recovers More than $3,800,000 for Elderly Victim in Ponzi Scheme Case
  • $3.2M
    $3,200,000 of Losses Recovered by Meyer Wilson for More Than 50 Families of Ponzi Scheme in California

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